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you know it's not the case the the environment environmental regulations are a very tiny part of the cost of doing business in this country to the extent that the coal industry is endangered it's because that industry can't compete with other cleaner more efficient forms of energy that's the problem they're facing and instead of modernizing and coming up to the to the reality of the situation these companies are running to congress trying to prevent trying to block the kinds of the clean air in clean water protections that have been adopted by bipartisan consensus over the past forty years that's just plain irresponsible i looks like a their lobbying has been paying off because we stop the war and call bill dead and deed past the house and then this issue was brought up during last night's presidential debate let's take a listen to what republican nominee mitt romney said. i like coal i'm going to make sure we continue to burn clean coal people in the coal industry feel like it's getting crushed by your policies i want to get america and north american energy independence so we can c
you know it's not the case the the environment environmental regulations are a very tiny part of the cost of doing business in this country to the extent that the coal industry is endangered it's because that industry can't compete with other cleaner more efficient forms of energy that's the problem they're facing and instead of modernizing and coming up to the to the reality of the situation these companies are running to congress trying to prevent trying to block the kinds of the clean air in...
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important i think the chinese buyers in time i think they will become a little bit like the in the environs who are quite price sensitive and they will tend to buy on dips and i think they will fundamentally smart to support this marketplace in the coming years that's interesting i want to continue on that because the broader trend you're talking about is that these countries have been buying gold but recently we've seen a significant slowdown in demand from china and from india perhaps because their economies have weakened so if their economies continue to weaken is this could you see this major driver of demand not being there to the extent that perhaps you or others were expecting. no i wouldn't think so and there is some speculation that that may transpire but i wouldn't think that is the case because if their economy slowed down and you're seeing that quite significantly in china already their economy has slowed down quite a bit already their stock market has come off very very sharply in recent months and indeed the property markets in different cities around china are beginning to fa
important i think the chinese buyers in time i think they will become a little bit like the in the environs who are quite price sensitive and they will tend to buy on dips and i think they will fundamentally smart to support this marketplace in the coming years that's interesting i want to continue on that because the broader trend you're talking about is that these countries have been buying gold but recently we've seen a significant slowdown in demand from china and from india perhaps because...
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anything about women's issues civil rights anything along those lines just cursory talking about the environment. and anything with digital privacy you know anything along those lines about what the internet can and cannot do and who can regulate it that wasn't important and you didn't even you know of course you didn't have joel stein or gary johnson there so none of that could tug in that direction yeah absolutely it really did seem like these two sitting up there going taxes deficit wise taxes deficit. exchange exchange exchange but let's talk about the third party candidates i mean when they're excluded from these debates i mean we have this commission that funds the presidential you know that they're funded and part by the coal industry i mean how does that influence its head again as allegory for how the corporate media in this country works i mean theoretically a long time ago was the league of women voters you know the quintessential old and good old days right old line and obviously we're going to do is like people's moms . now it's the it's just a commission on presidential debates tha
anything about women's issues civil rights anything along those lines just cursory talking about the environment. and anything with digital privacy you know anything along those lines about what the internet can and cannot do and who can regulate it that wasn't important and you didn't even you know of course you didn't have joel stein or gary johnson there so none of that could tug in that direction yeah absolutely it really did seem like these two sitting up there going taxes deficit wise...
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be the nuttall of that piece right here this question of collateral and you're contrasting today's environment with the old days where collateral actually meant something but talk a little bit about that well that's what makes the bubble economy different from what's described in the textbooks if you look at the textbooks that students are taught you have a picture of a factory with smokestacks and workers with lunch pails walking in and out of the factory produce the goods and services the workers spot but that's not what banks make loans for they don't make loans to build factories or to build anything then it won't only against collateral that's already in place real estate that's already there or oil and gas reserves or they'll end a corporate raiders to take over a company that's in place and the corporate raider doesn't build up the company and hire more labor with lunch pails sizes the labor and cuts costs grabs the pension funds and says we're going to go bankrupt if you don't renegotiate your actions from defined benefit or you know what you're going to be getting to define contributi
be the nuttall of that piece right here this question of collateral and you're contrasting today's environment with the old days where collateral actually meant something but talk a little bit about that well that's what makes the bubble economy different from what's described in the textbooks if you look at the textbooks that students are taught you have a picture of a factory with smokestacks and workers with lunch pails walking in and out of the factory produce the goods and services the...